REGISTERED NUMBER: 09777529 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kheri Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T S Gill

REGISTERED OFFICE:

51 Gloucester Terrace

London

United Kingdom

W2 3DQ

REGISTERED NUMBER:

09777529 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

FIXED ASSETS

Tangible assets

4

16,473,106

16,861,613

Investments

5

952,635

877,633

17,425,741

17,739,246

CURRENT ASSETS

Debtors

6

10,189,799

6,616,033

Cash at bank

1,497,373

2,221,354

11,687,172

8,837,387

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

10,450,015

8,902,865

NET CURRENT ASSETS/(LIABILITIES)

1,237,157

(65,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,662,898

17,673,768

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(14,749,170

)

(14,843,670

)

PROVISIONS FOR LIABILITIES

9

(564,252

)

(564,252

)

NET ASSETS

3,349,476

2,265,846

CAPITAL AND RESERVES

Called up share capital

10

102

102

Share premium

11

1,758,748

1,758,748

Fair value reserve

11

23,836

(52,564

)

Retained earnings

11

1,566,790

559,560

SHAREHOLDERS' FUNDS

3,349,476

2,265,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

T S Gill - Director

1.	STATUTORY INFORMATION

Kheri Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2 % per annum

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

19,370,589

-

520,909

Additions

-

14,407

-

At 31 December 2024

19,370,589

14,407

520,909

DEPRECIATION

At 1 January 2024

2,608,852

-

518,646

Charge for year

387,412

683

618

At 31 December 2024

2,996,264

683

519,264

NET BOOK VALUE

At 31 December 2024

16,374,325

13,724

1,645

At 31 December 2023

16,761,737

-

2,263

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

139,607

123,977

20,155,082

Additions

-

26,411

40,818

At 31 December 2024

139,607

150,388

20,195,900

DEPRECIATION

At 1 January 2024

49,060

116,911

3,293,469

Charge for year

34,901

5,711

429,325

At 31 December 2024

83,961

122,622

3,722,794

NET BOOK VALUE

At 31 December 2024

55,646

27,766

16,473,106

At 31 December 2023

90,547

7,066

16,861,613

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 January 2024

877,633

Revaluations

70,430

Reversal of impairments

(11,513

)

Exchange differences

12,225

Dividends received

3,860

At 31 December 2024

952,635

NET BOOK VALUE

At 31 December 2024

952,635

At 31 December 2023

877,633

Cost or valuation at 31 December 2024 is represented by:

Listed

investments

£

Valuation in 2022

849,450

Valuation in 2023

28,183

Valuation in 2024

75,002

952,635

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

945,000

945,000

Fixed asset investments were valued on an open market basis on 31 December 2024 by Emirates NBD. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by participating interests

2,081,946

2,081,946

Other debtors

8,107,853

4,534,087

10,189,799

6,616,033

Other debtors comprise of the claims of £6,478,836.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

54,132

533,821

Taxation and social security

386,442

143,076

Other creditors

10,009,441

8,225,968

10,450,015

8,902,865

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

14,749,170

14,843,670

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

6,205,500

6,300,000

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

564,252

564,252

Deferred

tax

£

Balance at 1 January 2024

564,252

Balance at 31 December 2024

564,252

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Share capital 1

1

102

102

11.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

559,560

1,758,748

(52,564

)

2,265,744

Profit for the year

1,083,630

1,083,630

Fair value reserve

(76,400

)

-

76,400

-

At 31 December 2024

1,566,790

1,758,748

23,836

3,349,374

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, Kheri Holdings Limited holds 100% of the shares of the company.

The director, Mr. Taranjit Singh Gill, holds 100% of the shares of Kheri Holdings Limited.

Therefore, he is the ultimate controlling party by virtue of his shareholding.

Related Party

Relationship / Shareholding of Mr. Gill

Amount Owed (to/by the Company at YE 2024

)

Amount Owed (to/by the Company at YE 2023

)

Kheri Holdings Ltd

100% shareholder & director

£2,492,011

£2,081,946

JJM (Holdings) UK Ltd

66.67% shareholder & director

£19,171

£19,171

Gill & Company Fashions Ltd

50% shareholder & director

135,000

£135,000

Whitechurch Lane Ltd

Related company

£541,000

£541,000

Transomas Ltd

Related company

(2,807,259

)

(£2,807,259

)

Transomas Investments Ltd

Related company

(£4,905,933

)

(£4,905,933

)

Gill London II Ltd

Related company

£364,876

£268,949

Kimaya Gill

Related

27,115

£19,393

Paramjit S Gill

Related

£31,611

£20,970

13.	ULTIMATE CONTROLLING PARTY

The controlling party is T S Gill.